What’s the best payment system for your small business? We review 11 of the best payment processors for UK SMEs.
UPDATED: Now that your business is ready to take payments, it’s time to think about how you’ll be processing payments. Alternatively, you might just want to change your current payment system. But how do you know which are the best payment processors for UK small businesses right now?
You’ll find that most payment processors have very similar features, so your final decision is likely to come down to differences in, for example, how the provider’s transaction costs align with your business model.
That’s why it helps to have a good understanding of what’s available on the market. Below, we’ve compiled a list of the most widely recognised systems. But first, a quick definition:
What is a payment processor?
A payment processor handles the transfer of transaction information between a customer’s payment method, the card networks and the merchant’s payment provider, helping to authorise and settle payments.
Why getting up to speed on card payments is essential for SMEs – In this piece, in association with Boost Capital, we look at why card payment technology is crucial for small businesses to stay ahead of the curve
Setting up card payments for retail and online selling – Find out how to set up and get the most out of a POS system for your retail or hospitality business
Which payment processor should I go for?
Let’s compare some of the best payment processors for small businesses in the UK, focusing on cost, pros, cons and what kind of payments the system is best suited to.
Or, if you feel like you’re ready to decide, why not get quotes today? All you need to do is provide us with some basic info about your business in the form at the top of the page and we’ll match you with the best providers for your needs.
